The Charlesmead Foundation
The Charlesmead Foundation Inc. is a private grantmaking foundation based in Providence, Rhode Island. Established in 1988, it operates as a 501(c)(3) charitable organization with tax-deductible donation status. The foundation maintains its principal office at 10 Memorial Boulevard, Suite 1003, in Providence.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$22.5M
+17.4% YoY
Annual Giving
$1.4M
+71.3% YoY
Grant Count
35
+9.4% YoY
Avg Grant Size
$40K
+56.7% YoY
Grantmaking
The foundation is an active grantmaker with the following characteristics:
Grant Range
s ranging significantly from smaller awards to substantial grants of up to $250,000.
Ready to take the next step with The Charlesmead Foundation?
Geographic Focus
Where this funder awards grants
The foundation has demonstrated funding activity in multiple states, including support for educational and arts initiatives in Maryland and other regions.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of the most recent tax filing (2023):
- Total assets: $19.2 million to $25 million
- Total revenue (2023): $1.57 million
- Total expenses (2023): $1.46 million
- Total liabilities: $0
- Contributions: $0 (reported on Form 990-PF)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $22,523,793 | $19,186,701 | $18,726,410 |
| Revenue | $2,872,872 | $1,571,237 | $890,691 |
| Expenses | $2,048,815 | $1,463,419 | $1,435,358 |
| Qualifying Distributions | $1,545,517 | $963,905 | $1,035,237 |
| Net Investment Income | $2,377,530 | $1,088,331 | $497,097 |
| Distributable Amount | $1,273,036 | $1,154,444 | $1,191,653 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
171 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by the following individuals:
- Kathryn Deering — President
- John Warren — Trustee
- Maron Deering — Trustee
- Spencer Deering — Trustee
- Heather Crosby — Trustee
All leadership positions are held on a volunteer basis with no reported compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KATHRYN DEERING | PRESIDENT | 2 | — |
| JOHN WARREN | TRUSTEE | 1 | — |
| MARON DEERING | TRUSTEE | 1 | — |
| SPENCER DEERING | TRUSTEE | 1 | — |
| HATHER CROSBY | TRUSTEE | 2 | — |
Recent News & Activity
Recent developments and announcements
The foundation has supported educational and arts initiatives, including a partnership with the University of Maryland, Baltimore County (UMBC) to expand arts opportunities for K-8 students in Baltimore.
UMBC Expands Arts Opportunities For K-8 Students In Baltimore Through CharlesmeadRelated Funders
Similar funders by location and focus area
UNFI Foundation
PROVIDENCE, RI
Assets
—
Grants
64
Total Given
$1.6M
Woonsocket Rotary Charities
WOONSOCKET, RI
Assets
$218K
Grants
8
Total Given
$15K
Adrian M and Doris K Pearsall Family
NEWPORT, RI
Assets
$425K
Grants
20
Total Given
$50K
Harriet Blades Dodge Memorial Tr Fund
WESTERLY, RI
Assets
$112K
Grants
4
Total Given
$4K
John J and Nancy E Hudson
HOPE, RI
Assets
$61K
Grants
1
Total Given
$25K
Senville Foundation
PROVIDENCE, RI
Assets
$353K
Grants
16
Total Given
$36K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The Charlesmead Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities